Russell 2000® 2x Strategy

Investment Strategy

Seeks to provide investment returns that match, before fees and expenses, 200% of the daily performance of the Russell 2000® Index.

Fund Highlights and Applications

Employs a strategy that seeks to magnify the index’s exposure 200% on a daily basis

Provides enhanced exposure to an underlying benchmark per dollar invested

Intended for investors who expect the Russell 2000® Index to go up and want accelerated investment gains when it does so. However, there is an increased risk of accelerated losses if the market declines

Distributions

as of 12/19/17

Most Recent Income

$3.752009

Dividend

$0.000000

Most Recent Capital Gain

$3.752009

Fees and Expenses

Gross Expense Ratio

1.78%

Net Expense Ratio

1.78%

Symbols & CUSIPs

Class

Symbol

CUSIP

Inception

A

RYRUX

78356A756

5/31/06

C

RYRLX

78356A749

5/31/06

H

RYRSX

78356A731

5/31/06

Investment Team

Team Managed

Operations

Fund Type

Rydex

Distribution Frequency

Annual (if applicable)

Benchmark

Russell 2000 Index

Telephone

800.820.0888

Trading Hours

Phone: 9:30 AM - 3:45 PM ETWeb: 9:30 AM - 3:55 PM ET

Note: Each financial intermediary may have its own rules about shares transactions, and may have earlier cut - off times for processing your transaction.

Investment Adviser

Security Investors, LLC

Distributor

Guggenheim Funds Distributors, LLC

Performance displayed represents past performance which is no guarantee of future results. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Current performance may be lower or higher than the performance data quoted. Returns for performance under one year are cumulative, not annualized. Performance shownreflects maximum sales charges or contingent deferred sales charges (CDSC) as applicable. Class A-shares have a maximum sales charge of 4.75%. Class C-shares have a maximum CDSC of 1% for shares redeemed within 12 months of purchase.

Data is subject to change on a daily basis. Partial year returns are cumulative, not annualized. Returns reflect the reinvestment of dividends. The securities mentioned are provided for informational purposes only and should not be deemed as a recommendation to buy or sell.

Total annual operating expenses vary by share class. See the prospectus for information on the fees and expenses that apply to each share class.

Leveraged Funds are not suitable for all investors. •These Funds should be utilized only by investors who (a) understand the risks associated with the use of leverage, (b) understand the consequences of seeking daily leveraged investment results, and (c) intend to actively monitor and manage their investments. •The more a Fund invests in leveraged instruments, the more the leverage will magnify any gains or losses on those investments. •The Funds’ use of derivatives, such as futures, options and swap agreements, may expose the Funds’ shareholders to additional risks that they would not be subject to if they invested directly in the securities underlying those derivatives. •Leveraged Funds seek to provide investment results that match the performance of a specific benchmark, before fees and expenses, on a daily basis. Because the Funds seek to track the performance of their benchmark on a daily basis, mathematical compounding, especially with respect to those Funds that use leverage as part of their investment strategy, may prevent a fund from correlating with the monthly, quarterly, annual or other period performance of its benchmark. Due to the compounding of daily returns, leveraged Funds’ returns over periods other than one day will likely differ in amount and possibly direction from the benchmark return for the same period. For those Funds that consistently apply leverage, the value of the fund’s shares will tend to increase or decrease more than the value of any increase or decrease in its benchmark index. The Funds rebalance their portfolios on a daily basis, increasing exposure in response to that day’s gains or reducing exposure in response to that day’s losses. Daily rebalancing will impair a fund’s performance if the benchmark experiences volatility. Investors should monitor their leveraged Funds’ holdings consistent with their strategies, as frequently as daily. •For more on these and other risks, please read the prospectus. •Investing in securities of small-capitalization companies may involve a greater risk of loss and more abrupt fluctuations in market price than investments in larger companies. •There are no assurances that any fund will achieve its objective and/or strategy. The fund is subject to active trading and tracking error risks, which may increase volatility, impact the fund’s ability to achieve its investment objective, and decrease the fund’s performance. •This fund is considered non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single security could cause greater fluctuations in the value of fund shares than would occur in a more diversified fund.

The Russell 2000® Index is a trademark of Russell Investment Group and has been licensed for use by Guggenheim Investments and its affiliates. The Funds are not sponsored, endorsed, issued, sold or promoted by Russell Investment Group nor does Russell Investment Group make any representation regarding the advisability of investing in any Guggenheim fund.

Read a prospectus and summary prospectus (if available) carefully before
investing. It contains the investment objective, risks charges, expenses and the other information,
which should be considered carefully before investing. To obtain a prospectus and summary prospectus
(if available) click here or call 800.820.0888.

This is not an offer to sell nor a solicitation of an offer to buy the securities herein. Only a Guggenheim Credit Income Fund 2019 (GCIF 2019) prospectus makes such an offer. This material is authorized only when it is accompanied or preceded by a GCIF 2019 prospectus. Neither the SEC nor the Attorney General of the State of New York nor any other state regulator has passed on or endorsed the merits of this offering. Any representation to the contrary is a criminal offense. Securities are offered through Guggenheim Funds Distributors, LLC, member of FINRA/SIPC, as Dealer Manager.

This website is directed to and intended for use by citizens or residents of the United States of America only. The material provided on this website is not intended as a recommendation or as investment advice of any kind, including in connection with rollovers, transfers, and distributions. Such material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. All content has been provided for informational or educational purposes only and is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation. Investing involves risk, including the possible loss of principal.